Key Points Funding Boost: Ather Energy secures ₹286 crore (USD 34 million) from founders Tarun Mehta and Swapnil Jain, and Stride Ventures. Details of Funding: ₹86 crore raised through Series F compulsorily convertible preference shares from the founders. ₹200 crore raised through Series C3 debentures issued to Stride Ventures. Product Launch: Ather Energy launched a…
Key Points Call for Reform: Mohandas Pai, a prominent figure in India’s IT and financial sectors, urges the Modi government to implement bold reforms to boost the startup ecosystem. Criticism of Angel Tax: The Angel Tax, introduced in 2012 to combat money laundering, taxes unlisted companies on capital raised above fair market value. This tax…
Key Points: Klub’s New Fund: Klub has launched a ₹100 crore special capital pool to support sustainable Indian brands. Support for Eco-Friendly Businesses: The fund aims to back at least 150 eco-friendly businesses by 2025, aligning with India’s sustainability goals. Consumer Demand: A Bane and Company survey indicates that over 60% of Indian consumers are…
Key Points In a move set to bolster its expansion and operational capabilities, Bengaluru-based robotic solar panel cleaning startup Aegeus Technologies has successfully secured venture debt funding from Caspian Debt. The precise amount of funding remains undisclosed. Founded in 2017 by Suraj Vernekar and Nishith Shah, Aegeus Technologies specializes in designing and developing IoT-driven robotic…
Key Points: In a groundbreaking initiative set to redefine the landscape of business education in India, Scaler, a distinguished education provider, has announced a massive investment of Rs 50 crore into its newly established Scaler School of Business (SSB). This significant financial commitment underscores the organization’s dedication to nurturing a fresh cohort of business leaders…
Daily Indian Startup News and Funding Alert – 29 July 2024 Funding News D2C haircare brand Moxie Beauty raises Rs 17.3 Cr Moxie Beauty, a D2C haircare brand based in Gurugram, has raised Rs 17.3 crore ($2.1 million) in funding led by Fireside Ventures. This round also saw participation from a group of angel investors,…
Medulance, a leading provider of emergency healthcare services, has announced the successful closure of its Series A funding round, raising a significant $3 million. The investment, led by Alkemi Growth Capital, signals a major milestone for the company as it gears up to expand its operations and enhance emergency healthcare standards across India. Co-founder and…
Key Points In a dynamic display of resilience and growth, the Indian startup ecosystem garnered over $161 million in funding during the third week of May 2024, showcasing a diverse array of sectors attracting investor interest. A Recap of Recent Weeks: The third week’s funding surge followed a robust beginning to May, where startups secured…
Key Points InstaAstro, a leading online astrology platform, has secured a significant investment of Rs 18.50 crore (approximately $2.3 million) in a pre-Series A funding round led by Artha Venture Fund. The funding round also witnessed participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund, and Aloke Bajpai, MD & CEO of…
Key Points Poshn, a promising player in the foodtech industry, has successfully secured $4 million in its pre-Series A funding round, a testament to its growing influence and potential in the market. The funding, which includes $2 million in debt, was led by Prime Venture Partners and Zephyr Peacock India. This recent injection of capital…
